News and Community
News and Community

Six Things to Do Before Buying a Car

Are you looking to buy a car and overwhelmed with the endless choices and decisions to make? As a bank, we understand that purchasing a car can be a significant investment, and you want to make the most informed decision possible. That's why we've compiled a list of tips to help you navigate the car-buying process and come out on top. So, buckle up, and let's take a ride through our expert advice for car buyers.

Determine a budget. How much do you want to spend? What monthly payment can you afford? Do you want to make a down payment? You can determine a budget by visiting our free car loan calculator. Don’t forget extra expenses such as protection plans, insurance, and gasoline. Setting a target dollar range will help narrow down which cars suit you.

Research online before you hit the lot. Going to the dealership in person and talking to a salesperson can be overwhelming – thankfully, you can begin your dream car search online from the comfort of your home! Read reviews, watch videos, or peruse car websites before going to the dealership. 

Explore features. What options and packages are offered on the vehicle, and how do they affect the overall cost? To avoid buyer's remorse, compare the different specifications of the vehicles you are most interested in and determine what is most important to you.

Check your credit score. Your credit score will determine what interest rate you get when you finance. You can get access to a copy of your credit report when you visit

Secure financing. The dealership might offer in-house financing - but are you getting the best interest rate possible? Farm Bureau Bank has member-priced interest rates and an easy application process. In addition, you can enter your application before you visit a dealership so you don’t feel pressured to make any impulsive financial decisions.

Test drive and enjoy the ride. Take your top choices for a spin to help you make your decision! Ideally, schedule your test drives for the same day to directly compare the cars’ performance.

Buying a car can be overwhelming, but by following these tips, you can make an informed decision and get the most out of your purchase. Remember to take your time, research, and shop around for the best financing options. With a bit of patience and preparation, you can find the perfect car to meet your needs and budget.

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